In-depth country-focused analysis on Macedonia's economic, political and operational risk environment, complemented by detailed sector insight


Our comprehensive assessment of Macedonia's operating environment and the outlook for its leading sectors are formed by bringing together a wealth of data on global markets that affect Macedonia, as well as the latest industry developments that could impact Macedonia's industries. This unique integrated approach has given us an impeccable track-record for predicting important shifts in the markets, ensuring you’re aware of the latest market opportunities and risks in Macedonia before your competitors.

Country Risk

Macedonia Country Risk

BMI View:

Core Views

  • Structural reforms and a competitive manufacturing export sector will continue to drive robust real GDP growth in Macedonia over the coming decade, which will be further supported by a strengthening household sector.

  • However, heightened political uncertainty and shifting demographic trends will restrict potential GDP growth and result in a deceleration by the end of our forecast period.

  • Macedonia's political stability will continue to be tested even after a last-minute deal was struck to postpone from April 24 to June 5 an upcoming parliamentary election, which the opposition had threatened to boycott.

Major Forecast Changes

  • We have raised our real GDP growth forecast from 2.8% to 3.0% for 2016, but are now forecasting a...

Macedonia Industry Coverage (1)


Macedonia Telecommunications

BMI View:

BMI View : Macedonia's small size and saturated nature offer few growth prospects for new entrants and established players alike. This view is underscored by the merger of VIP and ONE and the lack of interest shown by MVNOs. Although consumer choice is impacted, consolidation will create stronger players capable of challenging the incumbent. Newcomers would be advised to look to the services and content fields for investment opportunities.

Low 3G/4G Engagement Hampers Advanced Service Adoption
Macedonia Mobile Market...

Latest Macedonia Articles

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  • Record profits achieved in 2015 were due, in no small part, to the performa...

Latest Macedonia Blogs

  • Most of the discussions surrounding Greece's potential exit ('Grexit') from...

  • With negotiations coming to a head, our core scenario is for Greece to rema...

  • The political crisis in Macedonia merits considerable vigilance, for if the...


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